Chris3323 wrote:LeBron not playing = less people watching
More people are also cord cutting and pirating. The value for television rights whether national or local has peaked and is about to free fall. Disney purchased Fox's movie and television assets for $71.3B with an appraisal of 21 Fox Regional Sports networks and the Yes Network in that deal worth about $22B. The Justice Department to approve that deal told Disney they would have to sell/auction off those channels because they already own espn and carry too much clout in the sports rights market. Disney ended up selling the 21 RSNs for $9.6B and the Yes Network to a consortium of Sinclair, Amazon and private equity for $3.5B. That is a total of $13.1B for sports rights that likely cost double what they are worth today factoring in already expired term in the deals.
Add to that there are more legal streaming options coming online like ESPN+, DAZN and live sports on Hulu on top of the existing streaming services offered by major leagues directly like NBA League pass. They are also contracting some streaming rights of specific games (usually ones they don't expect to draw tons of viewers) to amazon, google/youtube and other social media sites like twitter just to generate another paltry source of revenue. The nba, nfl and other major sports already see the writing on the wall and are pushing hard for sports gambling to be legalized nationwide to help them compensate for the lost revenue from declining valuation of television rights. The nba took it even farther by pushing for the jersey patch sponsors and letting teams like the Warriors and the Bucks who build new arenas to sell personal seat licenses for season ticket holders.